Global markets are mixed in response to interest rate comments and jobs data. Portfolio advisers reshape the clients’ holdings if valuations appear in excess relative to the S&P index and industry averages. Equity and bond reductions occur although income and dividend yields in areas like real estate are steady in the full calendar year.
Honda Motor Co Ltd (7267:JP) may see shares rising a day after the maker of 2016 Civic auto brand won the North American car of the year award. Like all automakers, Honda was under financial stress itself so making the series “more austere.” Civic sales are up 37% so far this year, compared with 2015.
Takata Corp (7312:JP) dropped -19.46% or 100 yen to 4,140 yen soon after the supplier of vehicles airbags spent more than expected on its latest inflators. On the other hand, Takata must prove the safety of its products because of warnings from the National Highway Traffic Safety Administration.
Tata Steel Ltd (TATA:IN) gained +6.73% or Rs20.45 to Rs324.30 in India amid risks of the country losing thousands of industrial jobs and so placing pressure on the British government too. The Mumbai-based steel producer is to restructure, with that divesting the U.K. unit.